Larry Ellison Net Worth and Biography - Everything You Need to Know
Larry Ellison is an American entrepreneur and businessman who is known for co-founding Oracle Corporation, one of the largest software companies in the world. Born in New York City in 1944, Ellison grew up in Chicago and eventually moved to California where he attended the University of Illinois at Urbana-Champaign. He dropped out of college and worked at various jobs before founding Oracle in 1977 with two partners.
Since then, Ellison has become one of the richest people in the world thanks to his company's success. He has been involved in a number of high-profile business deals and has also been known for his lavish lifestyle, including his multiple mansions, yachts, and luxury cars. Despite criticism of his extravagant spending, Ellison has continued to be one of the most successful and influential figures in the tech industry.
In this article, we will take a closer look at Larry Ellison's life and career, as well as his estimated net worth. We will explore his many contributions to the world of technology and examine some of his most notable business deals. We will also examine Ellison's personal life, including his marriages, philanthropy, and controversial public statements. By the end of this article, you'll have a better understanding of the man behind the Oracle brand and how he has shaped the tech industry over the past several decades.
Table of Larry Ellison's Personal Information and Net Worth
| Fields | Details |
|---|---|
| Net Worth | Larry Ellison has a net worth of $76.8 billion, according to Forbes. |
| Age | Larry Ellison was born on August 17, 1944, which makes him 77 years old. |
| Born | Larry Ellison was born in New York City, New York, USA. |
| Gender | Larry Ellison is male. |
| Height | Larry Ellison is 6 feet 3 inches tall. |
| Country of Origin | Larry Ellison's country of origin is the United States. |
| Source of Wealth | Larry Ellison's source of wealth is primarily from his stake in the software company, Oracle Corporation. |
In summary, Larry Ellison is an American businessman with a net worth of $76.8 billion. He was born in New York City in 1944 and is currently 77 years old. Ellison is male and stands at 6 feet 3 inches tall. His primary source of wealth comes from his stake in Oracle Corporation, a software company.
Key Facts
There are several key facts about Larry Ellison worth highlighting. First and foremost, he is the co-founder and former CEO of Oracle Corporation, one of the largest and most successful technology companies in the world.
Ellison is also known for his tremendous wealth, with a net worth estimated to be around $90 billion as of 2021. This makes him one of the richest people in the world, and his wealth has been largely built on his success at Oracle.
Aside from his work at Oracle, Ellison is also known for his love of yacht racing. He has participated in and won several high-profile regattas, including the America's Cup.
In terms of personal life, Ellison has been married multiple times and has two children. He is known for his luxurious lifestyle, owning multiple properties around the world and a fleet of expensive cars.
- Co-founder and former CEO of Oracle Corporation
- Net worth estimated to be around $90 billion
- Successful yacht racer and America's Cup winner
- Married multiple times with two children
- Luxurious lifestyle with multiple properties and expensive cars
Early Life
Larry Ellison was born on August 17, 1944, in New York City. He was adopted by a middle-class family in Chicago after his biological mother gave him up for adoption. His adoptive father was an Italian immigrant who was a government employee, and his adoptive mother was a Jewish-American woman who was a homemaker. Ellison was raised in a modest neighborhood on the South Side of Chicago.
Ellison showed an early interest in computers and technology. In his teenage years, he started working odd jobs and saving money to fund his computer-related projects. He attended the University of Illinois at Urbana-Champaign but dropped out before graduating to pursue his entrepreneurial dreams.
Ellison's first job was as a computer programmer at Ampex Corporation. He later worked at various computer companies in California, including Amdahl Corporation and Wells Fargo. In 1977, Ellison and two colleagues founded Software Development Laboratories, which later became Oracle Corporation. Ellison served as the CEO of Oracle for several decades and is credited with transforming the company into a global software giant.
- Key Points:
- Larry Ellison was born in New York City in 1944 and was adopted by a family in Chicago.
- He showed an early interest in computers and technology.
- He dropped out of college to pursue his entrepreneurial dreams.
- Ellison's first job was as a computer programmer at Ampex Corporation.
- He later co-founded Oracle Corporation and served as its CEO for several decades.
Career
Co-Founder of Oracle Corporation
Larry Ellison co-founded Oracle Corporation in 1977 with two of his colleagues, Bob Miner and Ed Oates. The company initially focused on creating a system for relational databases and became a leading vendor in the field. Under Ellison's leadership as CEO, Oracle grew into one of the largest software companies in the world. Ellison stepped down as CEO in 2014 but remained involved in the company as executive chairman until 2019.
During his tenure at Oracle, Ellison led several major acquisitions, such as PeopleSoft, Siebel Systems, and Sun Microsystems, which helped the company expand its offerings in enterprise software, customer relationship management, and hardware. Ellison was also known for his competitive spirit and high-profile feuds with other tech giants, such as Microsoft and IBM.
Investor and Philanthropist
Aside from his work at Oracle, Ellison is also an active investor and philanthropist. He founded the Ellison Foundation in 1997, which supports medical research in areas such as aging, cancer, and infectious diseases. Ellison is also known for his interest in sailing and has sponsored several America's Cup teams.
In addition, Ellison has invested in various companies and startups, such as Tesla, Inktomi, and Netsuite. He also owns several properties, including a large estate in California and the Hawaiian island of Lanai, which he purchased in 2012.
How Larry Ellison Spends His Wealth
Real Estate Investments
Larry Ellison is known for his extravagant taste in real estate. The billionaire has spent millions of dollars purchasing luxurious mansions, yachts and private islands. His real estate portfolio includes a $110 million mansion in Malibu, a $70 million estate in Rhode Island, and a property worth $43 million in Woodside, California.
Philanthropy
Despite his lavish spending, Larry Ellison is also known for his charitable contributions. The billionaire has established the Ellison Foundation, which supports various causes such as education, health and human services. In 2016, he pledged to donate $200 million to the University of Southern California for establishing a cancer research center. He has also donated generously to Stanford University, which he did not graduate from, but has backed financially for years.
Business Ventures
Larry Ellison is one of the most successful technology entrepreneurs of all time. He co-founded Oracle, a multinational computer technology corporation in 1977, and served as CEO until 2014. He continues to serve as Executive Chairman and Chief Technology Officer of the company. Ellison has invested in a number of startups over the years, including Tesla, which has led to a fruitful collaboration between him and Elon Musk, the CEO of Tesla.
Aviation
Larry Ellison is an aviation enthusiast and owns several aircrafts, including a Gulfstream V, a fighter jet, and two military planes. He is said to have spent more than $115 million on private planes in the last two decades. Ellison also founded an aerospace company called Beechcraft, which produces private and commercial airplanes.
Conclusion
Larry Ellison's net worth and his spending habits are a reflection of his success in the technology industry. While he splurges on real estate and aviation, he also donates generously to charities and invests in startups to fulfill his passion for innovation.
Larry Ellison Net Worth, Bio
Highlights
- Founder of Oracle Corporation
- One of the richest people in the world with a net worth of $93.1 billion
- Known for his extravagant lifestyle and love for luxury yachts and sports cars
- Philanthropist who has donated millions to various causes and institutions
- Successful entrepreneur with a keen business acumen and strategic vision
Favorite Quotes from Larry Ellison
"I love sailing and boats. Being near the water is one of the most important things in my life."
Ellison has a passion for sailing and has competed in several races, including the America’s Cup.
"The only way to get ahead is to find errors in conventional wisdom."
Ellison is known for his unconventional thinking, and this quote highlights his belief that to achieve success, one must challenge conventional thinking.
"Innovation comes from the producer – not from the customer."
Ellison has long been an advocate of the notion that companies should focus on creating new products and services, rather than simply responding to customer demand.
"I have had all of the disadvantages required for success."
Ellison is famously self-made, and this quote speaks to the adversity he faced in his early life.
"When we founded Oracle, we had very little money."
Ellison started Oracle with just a few thousand dollars, and this quote speaks to the company’s humble beginnings.
"You have to act and act now."
Ellison is known for being a decisive leader who believes in taking action and getting things done.
"I believe people have to follow their dreams—I did."
Ellison has always been someone who follows his own path, and this quote speaks to the importance of pursuing one’s own dreams and passions.
Famous Success Lessons from Larry Ellison
1. Always strive for excellence
Larry Ellison is a firm believer in striving for excellence in everything that you do. He always pushes himself and his team to go the extra mile to achieve excellence.
2. Take calculated risks
To be successful, you need to take risks, but you also need to take calculated risks. Larry Ellison is known for his risk-taking abilities, but he always analyzes the potential outcome before making any major decisions.
3. Never give up
Success does not come easy, and Larry Ellison knows this better than anyone else. He has faced numerous setbacks and obstacles throughout his career, but he never gave up. Instead, he used these failures as a learning experience to improve and grow.
4. Learn from your mistakes
No one is perfect, and Larry Ellison knows this. He has made mistakes throughout his career, but he never repeats them. Instead, he learns from them and takes steps to ensure that they never happen again.
5. Work hard and stay focused
Larry Ellison is a firm believer that hard work and focus are the keys to success. He is known for working long hours and staying focused on his goals, even in the face of distractions and challenges.
6. Surround yourself with the right people
Success is not achieved alone, and Larry Ellison knows this. He has built a strong team of talented and dedicated individuals who share his vision and values. Surrounding yourself with the right people can help you achieve your goals and overcome obstacles.
Interesting and Surprising Facts About Larry Ellison
Larry Ellison is a self-made billionaire and a philanthropist. He is one of the world's richest people and has a net worth of over $80 billion. He is known for his work as the founder and CEO of Oracle, one of the largest software companies in the world.
Ellison dropped out of college twice before starting his own company. He attended the University of Illinois and the University of Chicago, but dropped out of both schools before finishing his degree. In 1977, he co-founded Oracle with two other partners and went on to become its CEO for over 37 years.
Ellison is a passionate yachtsman and owns several multimillion-dollar sailing yachts. He has won many prestigious sailing competitions, including the America's Cup, and has invested a lot of money in the sport. He also owns several luxury properties around the world, including a mansion in Malibu and an estate in Japan.
Ellison is a fervent environmentalist and a generous philanthropist. He has donated over $250 million to various causes, including education, medical research, and wildlife conservation. He is also known for his efforts to make Oracle a more environmentally-friendly company by implementing green initiatives and reducing its carbon footprint.
Ellison is a big fan of Japanese culture and has invested heavily in it. He bought the entire Hawaiian island of Lanai in 2012 and has turned it into a hub for Japanese tourism. He has invested in many Japanese startups and companies, including the Japanese audio company Pioneer.
Ellison is a collector of luxury cars and exotic aircraft. He has a personal car collection worth over $30 million, with cars like a McLaren F1 and a Bugatti Veyron. He also owns a fighter jet and a military-style helicopter, which he uses to travel to his many properties and yachts around the world.
Summary
Larry Ellison's Rise to Success
Larry Ellison is a billionaire entrepreneur, philanthropist, and businessman who co-founded Oracle Corporation and became its CEO for over 40 years. He was born in New York City in 1944, and dropped out of college to pursue a career in the technology industry. Ellison's sheer determination, strategic thinking, and exceptional leadership skills helped him build Oracle into a global technology giant, with a net worth of over $100 billion.
Ellison's Philanthropic Efforts and Personal Life
Ellison is also a known philanthropist who has donated millions of dollars to various charitable causes, including education, medical research, and disaster relief efforts. He is personally involved in running his own charitable foundation, the Ellison Medical Foundation, which focuses on aging research. Ellison also has a passion for competitive sailing, and has won several prestigious races around the world.
The Future of Larry Ellison
Despite stepping down as Oracle CEO in 2014, Ellison remains a prominent figure in the technology industry and continues to hold an important role in the company as its chairman and chief technology officer. He also has investments in other industries, including real estate, where he recently purchased a Hawaiian island. Larry Ellison's legacy and contributions to the technology industry make him one of the most influential figures in the business world, and his success story serves as an inspiration to aspiring entrepreneurs and business leaders worldwide.
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FAQ:
What is Larry Ellison's net worth?
Larry Ellison's net worth is estimated to be $86.2 billion as of 2021.
How did Larry Ellison become so wealthy?
Larry Ellison founded Oracle Corporation in 1977, which is now one of the largest software companies in the world. He also invested in various other companies, including Salesforce, Tesla, and NetSuite, among others.
What is Larry Ellison's background?
Larry Ellison was born in New York City in 1944 and grew up in Chicago. He attended the University of Illinois at Urbana-Champaign, but dropped out before completing his degree. He then moved to California and worked various odd jobs before founding Oracle Corporation.
What is Larry Ellison's legacy?
Larry Ellison is considered one of the most influential figures in the technology industry. Oracle Corporation, which he founded, has revolutionized the database software industry and has had a significant impact on the way businesses operate. Ellison is also known for his philanthropy, including donations to education and medical research.
